Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) Posts Earnings Results

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) issued its quarterly earnings results on Wednesday. The company reported $0.08 earnings per share (EPS) for the quarter, Zacks reports.

Nippon Steel & Sumitomo Metal Price Performance

Shares of OTCMKTS:NPSCY traded up $0.05 during trading on Wednesday, reaching $3.65. The stock had a trading volume of 234,495 shares, compared to its average volume of 283,455. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 1.12. The business has a fifty day moving average price of $3.71 and a 200-day moving average price of $3.99. The stock has a market cap of $19.61 billion, a PE ratio of -73.00 and a beta of 0.68. Nippon Steel & Sumitomo Metal has a 1-year low of $3.50 and a 1-year high of $4.79.

About Nippon Steel & Sumitomo Metal

Nippon Steel & Sumitomo Metal Corporation is a major Japanese steel producer formed in 2012 through the merger of Nippon Steel and Sumitomo Metal. Headquartered in Tokyo, the company operates integrated steelmaking and rolling facilities and is widely recognized as one of the largest steel manufacturers in Japan and among the leading producers globally. Its business scope spans primary steel production, downstream processing, and a range of steel-related engineering and service activities.

The company’s product offering includes a broad portfolio of steel products such as hot- and cold-rolled flat products, plates, pipes and tubes, coated steels, stainless and specialty steels, and high-strength steels tailored for automotive, machinery, construction, energy and infrastructure applications.